Chiron Real Estate Inc. · NYSE:XRN
Chiron Real Estate — Investor Presentation (August 2026)
21 slides from Chiron Real Estate's investor presentation, August 2026
Slide 1: Executing a Portfolio Transition
August 2026 Executing a Portfolio Transition Second Quarter 2026 Investor Presentation
Slide 2: Strategic Plan in Action
Strategic Plan in Action Chiron is executing its strategic plan through leadership enhancements, active capital recycling, and the completion of investments with stronger long-term return characteristics The Landing Alexandria Alexandria, VA Leadership Platform Built for Execution ✓ Deepened experti
Slide 3: Recent Events
The Landing Alexandria Alexandria, VA Recent Events Second Quarter 2026 Investor Presentation 2
Slide 4: Significant 2026 Milestones
Significant 2026 Milestones Key actions demonstrate execution across capital formation, portfolio repositioning, and leadership buildout ✓ Feb 2026 Established strategic priorities focused on deploying capital into assets with higher long-term returns ✓ May 2026 Secured $100M strategic equity invest
Slide 5: Leadership Platform Built for Execution
Leadership Platform Built for Execution Chiron has added targeted senior housing, operating, and investment expertise while retaining experienced public company leadership Mark Decker Jr. Bob Kiernan Matthew Whitlock Chief Executive Officer Chief Financial Officer Chief Investment Officer Bobby Zeil
Slide 6: New Additions Bring Complementary Capabilities
New Additions Bring Complementary Capabilities Recent additions strengthen Chiron’s senior housing operations and investment expertise Seniors Housing / Investments Seniors Housing / Asset Management Matthew Whitlock Bobby Zeiller Chief Investment Officer Chief Development Officer & Head of Seniors
Slide 7: Capital Allocation
Capital Allocation Actively recycling capital from legacy assets into investments expected to drive stronger long-term returns The Riviera + Landing The Pinnacle IRF Portfolio Sale Beaumont Hospital Sale June 1, 2026 Pending Acquisition Under PSA June 29, 2026 Pending Disposition Under PSA Inaugural
Slide 8: Pro Forma Portfolio
Pro Forma Portfolio Chiron’s transition to higher-return assets is underway, with SHOP representing 25% of the Company’s real estate portfolio on a pro forma basis. The Company’s initial senior housing investments are recently delivered, scaled communities in attractive submarkets, supporting a high
Slide 9: Market Opportunity
The Riviera Alexandria Alexandria, VA Market Opportunity Second Quarter 2026 Investor Presentation 8
Slide 10: Senior Housing Fundamentals Support Long-Term Opportunity
Senior Housing Fundamentals Support Long-Term Opportunity Demographic growth and constrained new supply create a durable backdrop for disciplined senior housing investment Demographic ‘Silver Tsunami’ Fuels Supply-Demand Imbalance Sustained Demand Growth Enhances Opportunity US Population Forecast P
Slide 11: Quality and Affordability Further Bolster the Opportunity
Quality and Affordability Further Bolster the Opportunity Modern communities serving affluent private-pay residents are positioned to benefit from demand growth while legacy inventory faces rising capital needs Functional Obsolescence of Targeting High Net Worth Residents Legacy Inventory to Mitigat
Slide 12: Disciplined Focus on Institutionally Relevant Assets
Disciplined Focus on Institutionally Relevant Assets Chiron is targeting newer, scaled senior housing communities in major markets where asset quality, operator alignment, and long-term growth potential support attractive risk-adjusted returns Target Investment Profile: Institutionally Relevant Seni
Slide 13: A Partnership-Oriented Capital Provider
A Partnership-Oriented Capital Provider Chiron can differentiate itself in a fragmented market by bringing flexible capital, aligned structures, and transaction-level focus to operators and sellers How Chiron Wins Senior Housing Ownership Remains Highly Fragmented Targeted Capital 1 Focused on insti
Slide 14: Valuation Opportunity
Citrus Valley MOB Corona, CA Valuation Opportunity Second Quarter 2026 Investor Presentation 13
Slide 15: Market Transactions Support Potential Upside
Market Transactions Support Potential Upside Dispositions of legacy assets at private market values expected to provide liquidity for higher-return investments while unlocking value not reflected in Chiron’s current share price Outpatient Medical Implied Cap Rate1 Stock Price Sensitivity6 Chiron Mar
Slide 16: Reconciliations and Legal
The Pinnacle North Bethesda Pending SHOP Acquisition Reconciliations and Legal Second Quarter 2026 Investor Presentation 15
Slide 17: Components of Net Asset Value
Components of Net Asset Value As of June 30, 2026; does not reflect pending acquisitions or dispositions Cash NOI by Asset Type (in Thousands) Other Information (in Millions) Cash, Cash Equivalents, Restricted Cash $ 13 Cash NOI Timing Cash NOI Gross Book Real Estate Loans Receivable, net 3 2Q 20261
Slide 18: Reconciliation of Net Income to NOI and Cash NOI
Reconciliation of Net Income to NOI and Cash NOI (Amounts in thousands) Three Months Ended June 30, 20261 Net Income $ 72,281 General and Administrative Expense 5,221 Depreciation and Amortization Expense 15,276 Interest Expense 8,806 Gain on Sale of Investment Properties (71,881) Proportionate Shar
Slide 19: Forward-Looking Statements
Forward-Looking Statements Certain statements contained in this presentation may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are intended to be protected by the safe harbor provisions thereof. Forward-looking statements ar
Slide 20: Non-GAAP Financial Measures NOI and Cash NOI
Non-GAAP Financial Measures Management believes certain non-GAAP financial measures provide useful supplemental information regarding the Company’s operating performance and financial condition. These measures are commonly used by management, investors, and industry analysts to evaluate REIT perform
Slide 21: NYSE: XRN 7373 Wisconsin Avenue Suite 800
NYSE: XRN 7373 Wisconsin Avenue Suite 800 Bethesda, MD 20814
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